FIXED ASSET REVIEW

Cost segregation studies are prepared for a variety of reasons (e.g., income tax, financial accounting, insurance purposes, property tax), and many different methodologies and procedures are used. While neither the Service nor any group or association of practitioners prescribes a specific methodology, there are certain approaches (e.g., studies based on actual costs or on proper estimation techniques) that produce more accurate and reliable allocations. Despite the use of one of these more reliable methods, issues may still arise with respect to the proper classification of IRC § 1245 property.

For clients who have not performed a Cost Segregation Study, this is already included our services. For property owners who have already performed a Cost Segregation Study in the past, we offer our Fixed Asset Review.

Based on the level of detail in your prior report, you may want to have our team review your Cost Segregation Study to update/identify assets for future repair, dispositions. We will provide a separate breakdown to supplement the original findings.

Ask yourself, "Do I have an easily accessible document with my assets identified for future renovations/repair?"

REPORT REVIEW

• Identify items for Tangible Property Regulations
• Identify assets for disposition
• Provide an easy to use working document for accountant to identify assets
 

Make sure you are paying for one service that encompasses all the necessary aspects for your property, in one report, at one flat fee. Just because your first report didn't have the premium services, it doesn't mean you can't upgrade to a TMP Study in the future.